NDSU SCM 330 Test 1 with Complete Solutions Graded A+
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Course
NDSU SCM 330
Institution
NDSU SCM 330
NDSU SCM 330 Test 1 with Complete Solutions Graded A+
Steps of data analytics - Answer-1 gather and organize relevant data
2 clean the data
3 explore data
4 communicate performance information using data visualization
Predictive analytics - Answer-focused on using models to create predict...
NDSU SCM 330 Test 1 with Complete
Solutions Graded A+
Steps of data analytics - Answer-1 gather and organize relevant data
2 clean the data
3 explore data
4 communicate performance information using data visualization
Predictive analytics - Answer-focused on using models to create predictions of what is
likely to happen in the future
Steps of predictive analytics - Answer-1 develop a model
2 partition the data
3 test and refine the current model
4 repeat steps 1-3 for several models and choose the best
5 implementation
Prescriptive analytics - Answer-the stage of the analytics approach that involves using
decision models, including optimization models, to prescribe the best options for
managerial decision making
Steps of prescriptive analytics - Answer-1 Formulate a decision model
2 Learn how to derive solutions from the model
3 Test the model
4 Prepare to apply the model
5 Implementation
The first step in a descriptive analytics project is to - Answer-gather and organize
relevant data
each entity (for example a customer) in a dataset is represented with a - Answer-record
for a descriptive analytics project, a variable such as nationality would most likely be
treated as a - Answer-categorical variable
the process of correcting and reformatting data prior to data visualization is known as -
Answer-data cleaning
during data exploration, a wide variety of data visualization tools are available. which of
the following is not a data visualization technique - Answer-summary statistics
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